Will The Laguna Beach Landslides Ruin The Hill-Top Home Real Estate Market?

In early June of 2005, a landslide destroyed 18 million-dollar homes, sending them cascading down the hill they were built on. Will this recent tragedy to the Laguna Beach community curb hill-top home construction and sales? Based on similar occurrences throughout the history of home building, the answer is NO! Homes will continue to be built on unsafe hills and those who can afford the views and multi-room estates will continue to purchase them. An amazing view can very easily blind a home buyer from the poor foundation the home is built on. Heavy rains and earthquakes can very easily cause hills to erode and earth to slide away and it doesn't take a rocket science to identify properties that may one day fall victim to common geology. With a little bit of research, a home buyer could even determine which side of the hill is the safer side to have a home. But the desire to have the biggest home and the best view will always reign supreme, regardless of what side of the hill it's built on. Scenic over science is what drives the million-dollar home market and it doesn't look like it's about to change any time soon. So in the end, homes will continue to be built on unsafe hills, people will continue to buy them, and the only question that remains is "When will then next landslide of multi-million dollar homes happen?".

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